So a smart way to look at it is to calculate 20%-30% of the purchase & rehab amounts from you, plus have 6-8 months payment reserves in either a bank account of a retirement account (as the lender wants to know that you have an emergency resource for payments if needed).Many rehab lenders can supply a sort of pre-approval to you so that you have an idea of what they will extend so you can formulate a game plan accordingly and target potential properties.

A designer can help you maximize your space and minimize your costs, help you prioritize your needs and wants to stay within the remodel budget, and provide plenty of options for materials across a range of price points.If you’re going the DIY route, price everything individually, from the professionals you’ll need to hire and the Flooring Options you’re considering to the appliances, fixtures, and furniture that speak to your heart.

Hi,looking to rent out a room in my home, and would like to know if I should list the shared common area furniture & appliances in the lease agreement?

It's been going OK so far; we've had to put money into it for August and will as well for September, but that's mainly startup costs to get it going (initial landscaping, big cleaning services upfront, stocking supplies).

Supply and demand....

I would also supply the paint that way you have control over the type of paint and the colour (you can give them a few pre-selected options for colour).

Presumably this is a condo so your capex will be limited, but you'll still need to think about occasionally replacing appliances or furniture, or cosmetic upgrades as time marches on.Overall your margins on this are pretty slim - there's a lot of variables in STRs and while they can be amazing investments, you've got to pencil out things for the worst case scenario so you don't end up losing money.  

It's simple supply and demand, the supply is the same, a 2 bedroom condo is a 2 bedroom condo but the demand is different since not everyone can get financing on a non FHA approved association.

Home affordability in your area should definitely be something to consider, however, also evaluate if there is enough supply compared to the demand—and if the area is desirable. 

Good rentals are in short supply.